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Market Predictions What’s Going To Happen with Home Prices This Year? After almost two years of double-digit increases, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021. However, the latest Home Price Insights Report from CoreLogic indicates while prices may have plateaued, appreciation has definitely not slowed. The following graph shows year-over-year appreciation throughout 2021. […]
Uncategorized Why Inflation Shouldn’t Stop You from Buying a Home in 2022 If you’re following along with the news today, you’re probably hearing a lot about record-breaking home prices, rising consumer costs, supply chain constraints, and more. And if you’re thinking about purchasing a home this year, all of these inflationary concerns are likely making you wonder if you should wait to buy. Investopedia explains that during […]
Uncategorized Will the Housing Market Stay Hot in 2022? It’s the question posed to this RI Realtor almost daily and one I love to address. >>All signs seem to indicate that the market WILL stay hot yet the rate of price escalation will assuage a bit. ( audible sigh of relief from buyers everywhere!) >>Prices continue to trend upward but at a slower rate. […]
Uncategorized Why Waiting To Sell Your House Could Cost You a Small Fortune Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40 percent of home sales occur between April and July. However, this year’s expected to be much different than the norm. Here are five reasons to list your house […]
Uncategorized Expert Insights on the 2022 Housing Market As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in […]
Uncategorized The Average Homeowner Gained $56,700 in Home Equity over the Past Year! When you think of homeownership, what’s the first thing that comes to mind? Chances are you might focus on the non-financial benefits, like the security or stability a home provides. But what about equity? While it can be overlooked, a homeowner’s equity helps build long-term wealth over time. Here’s a look at what equity is […]
Uncategorized Year end market news and views…… The temps outside are chilly and the real estate market remains brisk! The median listing price grew 9.6% compared to this time last year. The price growth is due to the imbalance of the market with demand far exceeding supply. In fact, new listings are down 6% over this time last year. We have less […]
Uncategorized If You Think the Housing Market Will Slow This Winter, Think Again. From the opportunity to take advantage of today’s low mortgage rates to changing homeowner needs, Americans have more motivation than ever to buy a home. According to the experts, buyers are making moves right now, creating an unseasonably strong housing market for this time of year. As we wrap up the fall season and move […]
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Uncategorized Home Sales About To Surge? We May See a Winter Like Never Before. Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of […]
Real Estate Trends Two Graphs That Show Why You Shouldn’t Be Upset About 3% Mortgage Rates Yesterday while hanging up a name rider on a new listing in West Warwick ( 115 Setian Lane) a gentleman approached me and asked for my business card. He then asked me what I “thought about the market.”  I asked him what interested him most about the market and our conversation commenced from there. We […]
Rhody Life “How Do Ya Like Them Apples?” Happy Fall!!  I couldn’t help but think of this well-loved quote from a great movie filmed locally in Boston- “Good Will Hunting” as I sat down to write today’s blog, on a gorgeous Halloween day here in Barrington, Rhode Island! If you are like many in New England, you like “them apples” picked fresh from […]
Real Estate Trends Hey Sarah, What is the market going to do?   “Sarah, what do you think the market is going to do in the years ahead?” is a question I get asked regularly and often. When that question IS posed I like to ask about what part of the market the person is interested in learning more about. Often knowing where the personal interests and […]
Uncategorized What Do Supply and Demand Tell Us About Today’s Housing Market? There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is […]
Uncategorized Thinking of visiting Providence, RI and wondering what to do? Fall is the perfect time to come visit Providence, RI.  Thinking of heading down to PVD? You are in for one great “ride!” If you are coming down from the north, catching the foliage along 95 can be pretty amazing and as soon as you see the skyline of Providence pop up, I promise you, […]
Uncategorized Two Reasons Why Waiting a Year To Buy Could Cost You If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself […]
Uncategorized Becoming a Local Leader via Parkbench has been the best decision I have made in a long time. Here is my interview!   Click here to watch my interview!   Meet Sarah!   Sarah is a real estate professional with Mott & Chace Sotheby’s International Realty. She is the local market expert and community leader for the areas in and around Barrington Rhode Island.    Sarah is also one of the authors in the new real estate […]
Uncategorized 5 Reasons Today’s Housing Market Is Anything but Normal There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning. […]
Uncategorized Home Price Appreciation Is Skyrocketing in 2021. What About 2022? If my recent seller activity here in RI and MA  is any indication of overall selling intentions, then I would say that the belief that appreciation will continue to benefit sellers is VERY strong. More and more sellers are lining up to list this fall, with the intention of maximizing on the incredible appreciation rate […]
Uncategorized Out-of-State buyers are adding to the level of compete for local buyers in RI and beyond The RI real estate market saw a huge jump in the number of buyers from outside the state in the 2nd quarter. This has been a consistent phenomenon since the onset of the pandemic. Purchases by out-of-state buyers from April to June increased a whopping 69% year-over-year. Where are they coming from? Massachusetts, Connecticut and […]
Uncategorized Why 2021 is Still the Year to Sell Your House Home buying intentions are the strongest they have been in 20 years. 75% of sellers feel now is the ideal time to sell a home.  That’s quite a powerful dynamic!  Toss in a very low inventory of homes and escalated prices and one can understand why our current real estate market here in RI and […]
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